Early arrival of third platform underlines race to extract oil

The Prosperity (ExxonMobil photo)

The early arrival in Guyana’s waters of ExxonMobil’s third FPSO has underlined the determination of the company – and the government here – to extract oil as rapidly as possible from the country’s lucrative offshore Stabroek Block.

ExxonMobil Guyana yesterday announced the arrival of the Prosperity Floating, Production, Storage and Offloading (FPSO) vessel in Guyana waters.